starting to run, page-4

Another great day for BBP finally hitting that 10 cent barrier, I think once this all important target is broken it’ll be likely this can go only higher as news on asset sale approaches. Recent news on ETS delays is definitely of benefits to BBP, buyers and banks who parts of their convent are sensitive to CPRS.

Market cap is on $70m, a t/o price will of 40 cents will be $280m which is a big discount to book equity of $1.3B ($1.87 a share).

If the new buyers can rollover debts from 8.8% (current cost) to say 5% that would be a saving of $114m alone (8.8%-5%=3.8% x $3B = $114m in savings)!

Energy prices can only go higher, so this will be a no brainer, its quite unfortunate BBP is loaded with debt otherwise they should perform similar to that of ORG and AGK.

GL all holders.